


540 165th StreetHammond, IN 46324
Multi-Family · 0.14 Acres540 165th Street Overview
- Time on Site:
- 3 days
- Visits:
- 0
Opportunity is knocking in the rapidly growing City of Hammond! This solid all-brick two-unit income property offers the perfect blend of investment potential, anyone seeking a multi family opportunity or long-term value, whether you're an investor looking to expand your portfolio or an owner-occupant ready to build equity while generating rental income. With separate entrances, a shared foyer, and privacy between units, this property provides flexibility for a variety of living and investment scenarios. The main level unit features 2 spacious bedrooms, a large eat-in kitchen with ample room for dining, a walk-in shower, and newer appliances. Upstairs, the second unit offers 1 bedroom, a full bath, also newer appliances and a generously sized eat-in kitchen, creating a comfortable and functional layout. An unfinished full basement provides abundant storage space and offers additional possibilities for future use. Outside, the private parking lot accommodates up to 6 vehicles, a valuable convenience for tenants and owners alike. Ideally located near major interstates with easy access to Chicago, public transportation, restaurants and shopping, this property offers easy access for commuters while remaining close to everything Hammond has to offer. Adding even more potential, the building was originally a commercial property and may offer the possibility of conversion back to commercial use. Properties with this level of flexibility, income potential, and location don't come around often. Whether you're looking to invest, occupy, or explore future opportunities, this is one you won't want to miss. Schedule your showing today and see firsthand all the possibilities this unique property has to offer!
540 165th Street Facts & Features
- Type Multi-Family
- Lot 0.14 Acres
Details
General
Association/HOA
- Association: false
School Information
- School District: Hammond
Building Information
- New Construction: false
- Year Built: 1941
Location/Region
- County Or Parish: Lake
- Subdivision Name: F B Halls
- Township: North
Tax Information
- Tax Annual Amount: 4100
- Tax Year: 2025
General Information
- Listing Terms: Cash,FHA,Conventional
- Parcel Number: 450612202004000023
- Pets Allowed: Yes
- Property Sub Type: Duplex
- Property Type: Residential Income
- Special Listing Conditions: Standard
Interior
Parking Information
- Garage: false
Building Interior
- Above Grade Finished Area: 1969
General Information
- Appliances: Gas Range,Stainless Steel Appliance(s),Refrigerator,Gas Water Heater
- Fireplace: false
- Heating: Hot Water,Natural Gas
- Interior Features: Entrance Foyer,Soaking Tub,Laminate Counters,Eat-in Kitchen
- Levels: Two
Exterior
Parking Information
- Parking Features: Additional Parking,Off Street,Gravel,Alley Access
- Parking Total: 6
Lot Information
- Lot Features: Back Yard,Near Public Transit,Front Yard,Few Trees
- Lot Size Acres: 0.143
- Lot Size Source: Assessor
- Lot Size Square Feet: 6229
- Water Source: Public
Waterfront/View
- View: City,Neighborhood
- Waterfront: false
General Information
- Sewer: Public Sewer
540 165th Street Neighborhood
Community
46324 (Hammond) Demographics
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.540 165th Street Monthly Cost
540 165th Street Market Data
Based on the last 30 days in this zip code
540 165th Street History
| Date | Value | Agent |
|---|---|---|
| 6/26/2026Source: Northwest Indiana MLS | June 26, 2026 |


























